A large manufacturer plans to move an operation from Country

Last updated: 6/30/2023

A large manufacturer plans to move an operation from Country A to Country B in 2 years resulting in layoffs in Country A Management anticipates a severance pay for the laid off workers of 320 000 per month for 6 months Find the shortage in 2 years if they deposit 60 000 per month in an account Assume a rate of 6 that is compounded monthly Click here to view page 1 of the interest table for rate 0 5 Click here to view page 2 of the interest table for rate 0 5 The shortage is Round to the nearest cent as needed